Bank of New York Mellon Corp Has $15.99 Million Stake in CoreCivic, Inc. (NYSE:CXW)

Bank of New York Mellon Corp decreased its holdings in shares of CoreCivic, Inc. (NYSE:CXW - Free Report) by 5.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 735,600 shares of the real estate investment trust's stock after selling 38,493 shares during the quarter. Bank of New York Mellon Corp owned about 0.67% of CoreCivic worth $15,992,000 at the end of the most recent quarter.

Several other institutional investors also recently modified their holdings of the business. Y Intercept Hong Kong Ltd grew its position in shares of CoreCivic by 55.2% during the 4th quarter. Y Intercept Hong Kong Ltd now owns 38,264 shares of the real estate investment trust's stock worth $832,000 after buying an additional 13,617 shares during the period. Allianz Asset Management GmbH boosted its stake in CoreCivic by 11.4% during the 4th quarter. Allianz Asset Management GmbH now owns 1,513,031 shares of the real estate investment trust's stock worth $32,893,000 after acquiring an additional 154,426 shares during the last quarter. Principal Financial Group Inc. boosted its stake in CoreCivic by 2.9% during the 4th quarter. Principal Financial Group Inc. now owns 534,687 shares of the real estate investment trust's stock worth $11,624,000 after acquiring an additional 14,892 shares during the last quarter. Empowered Funds LLC bought a new position in CoreCivic during the 4th quarter worth approximately $1,477,000. Finally, Tandem Financial LLC bought a new position in CoreCivic during the 4th quarter worth approximately $573,000. Institutional investors and hedge funds own 85.13% of the company's stock.

CoreCivic Stock Performance

Shares of CXW opened at $18.80 on Wednesday. The company has a debt-to-equity ratio of 0.65, a quick ratio of 1.51 and a current ratio of 1.57. CoreCivic, Inc. has a twelve month low of $10.74 and a twelve month high of $24.99. The firm's 50 day moving average price is $20.26 and its two-hundred day moving average price is $18.04. The firm has a market cap of $2.05 billion, a P/E ratio of 30.81 and a beta of 1.02.

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CoreCivic (NYSE:CXW - Get Free Report) last announced its quarterly earnings results on Monday, February 10th. The real estate investment trust reported $0.39 earnings per share for the quarter, beating analysts' consensus estimates of $0.33 by $0.06. CoreCivic had a net margin of 3.51% and a return on equity of 5.97%. On average, analysts forecast that CoreCivic, Inc. will post 1.5 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

CXW has been the topic of several recent analyst reports. Wedbush reissued an "outperform" rating and set a $30.00 price objective on shares of CoreCivic in a research note on Tuesday, February 11th. Noble Financial raised shares of CoreCivic from a "market perform" rating to an "outperform" rating in a research note on Wednesday, February 12th. Finally, StockNews.com raised shares of CoreCivic from a "hold" rating to a "buy" rating in a research note on Wednesday, February 26th.

CoreCivic Profile

CoreCivic, Inc owns and operates partnership correctional, detention, and residential reentry facilities in the United States. It operates through three segments: CoreCivic Safety, CoreCivic Community, and CoreCivic Properties. The company provides a range of solutions to government partners that serve the public good through corrections and detention management, a network of residential reentry centers to help address America's recidivism crisis, and government real estate solutions.

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